$SXA Token

A guide to understand the tokenomics and how $SXA brings value to its holders.

$SXA is an SPL Token built on Solana Blockchain.

Tokenomics

Total supply - 66,660,000 $SXA

  • Staking Rewards

    • 70% of the total supply will be held for staking rewards and distributed over 3 years.

    • 35% of that will be distributed in the first year, giving early adopters a better opportunity to earn more rewards in the first year.

    • The remaining 35% of the reward supply will be distributed from the second year and beyond, with distribution on gradative regression basis on the % of remaining tokens rewarded to holders.

  • Liquidity Pool

    • 10% of the supply is allocated for the liquidity pool and will increase the trading value once we deploy the liquidity on DEX simultaneously with the GEN2 Launch.

  • Team

    • 10% of the supply will be held by the team. This will be distributed gradually after a 12 months cliff and fully distributed over a further 12 months period.

  • Marketing

    • 10% of the supply will be held for marketing acts and giveaways.

Utility

$SXA will be core to the entire SXA/SXL Eco-system - anything and everything we can execute and connect to, will be attributed to $SXA Token.

  1. Utilisation in SXA DAO where users will have access to exclusive WL, Entry in poker nights, and multiple giveaways.

  2. Using $SXA to enter raffles and auctions.

  3. Using $SXA for breeding or we like to call it Galactic Missions.

  4. $SXA will also be key currency in our evolution Metaverse.

  5. Discounted prices for those offering payment on some core services on SXL (Space X Labs) using $SXA.

SXA DAO with the support of the core team will constantly evolve and seek new opportunities to make $SXA useable on other Solana-based interfaces. Some examples, but not limited to: Using it on upcoming Marketplaces to purchase NFTs, Trading it as a currency on Metaverse and web3 Casinos. Using it in Metaverse stores to participate and purchase assets.

Last updated